STATE PROPERTY FOR SALE: NEULANIEMENTIE 4, KUOPIO
MULTI-LET OFFICE PROPERTY IN KUOPIO Research Centre Neulanen Senate Properties | Neulaniementie 4, Kuopio
INTRODUCTION
INTRODUCTION
Subject of sale Offers and schedule Senate Properties presents the Research Centre Neulanen, a multi-let office The indicative offers must be submitted by December 15th, 2016. Upon receipt property, for sale in the University City Kuopio. The property is located in the of the indicative offers, 2-5 potential purchasers will be invited to progress to the developing Savilahti business, retail and university area in the immediate vicinity second phase of the process: offer confirmation. Based on the received confirmed of the University of Eastern Finland campus, Kuopio Science Park and Kuopio offers, the Seller intends to invite one prospective purchaser to perform a full University Hospital. due diligence. The SPA negotiations are targeted to be completed by the end of January 2017. The Seller’s approval process depends on the final sales price and In 1985 constructed building is occupied with five strong tenants of whom four may be subject to the Council of State/Finnish Parliament’s approval. Therefore, are publicly funded tenants with National Institute for Health and Welfare as the the closing is targeted to be executed during Q2/2017. main tenant. The other tenants are Finnish Institute of Occupational Health, Finnish Food Safety Authority, Government ICT Centre Valtori and Charles River Discovery Inquiries Research Services Finland Oy. The sales process is executed in cooperation with CBRE. All inquiries should be directed to CBRE. Sales structure The site and the building (‘Property’) is owned by the Senate Properties (‘Seller’), a government owned enterprise under the aegis of the Finnish Ministry of Finance. The transaction shall be executed as an asset deal. A sale and purchase of the Property is subject to 4.0 % transfer tax which is paid by the prospective purchaser.
2 Senate Properties | Neulaniementie 4, Kuopio
TABLE OF CONTENTS
TABLE OF CONTENTS
INTRODUCTION 2
EXECUTIVE SUMMARY 4
LOCATION 7
PROPERTY 12
FINANCIALS 16
PROCESS 22
FLOOR PLANS 26
CONTACTS 36
3 EXECUTIVE SUMMARY Senate Properties | Neulaniementie 4, Kuopio
EXECUTIVE SUMMARY
Savilahti, the centre of technology and development in Kuopio Bus station The University City Kuopio is the centre of expertise and 5 • growth in Eastern Finland
3 Railway station • Kuopio, with 112,000 inhabitants, is the largest city in Eastern Finland with a significantly higher population growth rate
3 estimate of 9.6 %, compared to Finland’s average of 5.1 % in E75 2015-2030 1 3 4 • The asset is located in the developing Savilahti business, retail Savilahti 2 o ce district and university area in the immediate vicinity of the University City centre 6 of Eastern Finland campus, Kuopio Science Park and Kuopio University Hospital Savilahti retail district • Savilahti is the most important area development project 7 in Kuopio, with a plan of building new apartments for 6,000 people during the present and next decade, increasing the diversity of the area • In addition, the area employs currently 10,000 people comprising 20 % of Kuopio’s total amount of work places, and it is estimated to increase to 13,000 during the 2020s 1 Subject of sale 2 Technopolis 3 University of Eastern Finland Kuopio • The property enjoys good public transportation connections 4 Savonia University of Applied Sciences 5 Kuopio University Hospital and is located 3 km from the Kuopio City Centre
Helsinki 6 Prisma 7 Gigantti/Power/Tokmanni
5 Senate Properties | Neulaniementie 4, Kuopio
EXECUTIVE SUMMARY
78 % OF INCOME FROM PUBLICLY FUNDED TENANTS
• Outstanding tenant covenant with National Institute for Health and Welfare as the PROPERTY FACTS CITY PLAN Address Neulaniementie 4, 70210 Kuopio City plan order KTY-2 = Block for office, main tenant research and public Property ID 297-13-21-4 buildings • WAULT of 3.4 years Construction year 1985, 1992 (Laboratory) Building right 12,600 m²
• Occupancy 98 % Main use Office, research Max. no of floors 3
• NOI 800 teur Buildings Main building, Laboratory, Required no of parking 1 pp/80 f-sq m Sheltered parking places
Volume 46,201 m³ Approval date 02/02/1990
Building right 12,600 f-m²
GRI DISTRIBUTION Unused building right 427 f-m²
Gross area 13,689 m²
THL Floor area 12,173 m² 23% 39% TTL Publicly funded Net floor area 11,677 m² 1% Evira Leasable area* 9,447 m²
17% Valtori Occupancy rate 98 % 20% Charles River Private sector funding VAT-recoverability ratio 79.9 % Site area 18,124 m²
Tenure Freehold THL – National Institute for Health and Welfare Floors (above/below ground) 3/2 TTL – Finnish Institute of Occupational Health Evira – Finnish Food Safety Authority Parking places (shelterd/yard) 7/125
Valtori – Government ICT Centre Valtori *Includes 1,510m² (16%) of laboratory premises. Charles River – Charles River Discovery Research Services Finland Oy
6 LOCATION
Subject of Sale OULU Senate Properties | Neulaniementie 4, Helsinki
LOCATION - MACRO LOCATION LOCATION - MACRO LOCATION
KAJAANI MACRO LOCATION
Kuopio, with 112,000 inhabitants, is the largest city in Eastern Finland and 9th largest city in Finland. The city is an important growth centre, as its population growth rate estimate for years 2015-2030 is 9.6%, a significantly higher number than Finland’s average of 5.1%. Kuopio is located in the Northern Savonia region, alongside excellent road and railway connections.
VAASA KUOPIO POPULATION GROWTH 2015-2030 Kuopio is known as a centre of education and research. Together with Joensuu and Savonlinna, Kuopio holds a campus of the University of Eastern Finland, which in Kuopio JOENSUU contains e.g. the largest faculty of medicine in Finland. Additionally, Kuopio University Hospital – one of the five university hospitals in Finland – and one of the fastest growing
JYVÄSKYLÄ technology centres in Finland, Kuopio Science Park, are located there.
SAVONLINNA The university city Kuopio is the centre of expertise and growth in Eastern Finland
TAMPERE PORI Kuopio Key Facts Distance Population 112,201 Helsinki 384 km Population Growth 2015-2030 LAPPEENRANTA Population growth 9.6% Tampere 295 km 2015-2030* 10% LAHTI Jyväskylä 147 km 9% Main industries Health and St. Petersburg 437 km social service, 8% biotechnology, ICT 7% *Finland avg 5.1% 6% TURKU5% Kuopio 4% Finland 3% 2% 1% HELSINKI Source: Statistics Finland, 2015 0% 2015 2020 2025 2030 Senate Properties | Neulaniementie 4, Kuopio
LOCATION - MICRO LOCATION
MICRO LOCATION
The property is located in the Savilahti business district, in the close vicinity, 3.0 km, C of the Kuopio city centre. Currently, there are 10,000 workplaces and 9,000 students Bus lines in Savilahti, comprising 20% of the total number of workplaces and making the area 4 7 16 21 23 29 31 35 40
the most important business district in Kuopio after the city centre. Savilahti is the A 1
greatest area development project in Kuopio, implying that the number of operators 2 in the area will increase significantly in the future. 1
Neulaniementie 3
Subject of sale 1 The road access to Savilahti is easy, since the district is located alongside the highway E63 B E63. In addition, as the university campus is located directly next to the subject property, public transport connections to the area are excellent: there are currently nine bus lines going past Savilahti. 1 Savilahdentie
Savilahti is a vibrant district of Kuopio combining business, education and retail with the vicinity of water and nature I
Office buildings Educational buildings Owner Main user Owner Main user 1 Technopolis Multitenant/ Savonia A University Properties of University of Eastern Finland, University of Applied Finland main campus Sciences B University Properties of University of Eastern Finland, 2 State of Finland Geological Survey of Finland Bioteknia Finland C University Properties of University of Eastern Finland, 3 Nordic Multitenant Finland Studentia Properties SARL Retail buildings Owner Main user I PeeÄssä Cooperative Prisma (S-group) Society 9 Senate Properties | Neulaniementie 4, Kuopio
LOCATION - AREA DEVELOPMENT
AREA DEVELOPMENT
Savilahti is the most important area development project in Kuopio in the near future. The district is estimated to have 15,000 students, 13,000 jobs and 6,000 residents totaling to 34,000 actors during 2020’s. The number is a significant increase to the current number of actors, 19,000, in the district. The city of Kuopio intends to invest CURRENTLY 50 million euros in infrastructure in Savilahti during the current and the following 9,000 students decade. In addition, the construction investments in the area is estimated to total 10,000 jobs up to 500,000 f-sq m, of which residential area is 300,000 f-sq m, workplace area is 30 residents 150,000 f-sq m and educational area is 50,000 f-sq m. DURING 2020’S The goal of the development project is to create a centre of know-how, which would contain workplaces and education in the direct vicinity of shops, water and nature. As 15,000 students the number of residents in Savilahti increases, the district will benefit from around- 13,000 jobs the-clock lively way of life close to the Kuopio city centre. 6,000 residents
There will be strong, continuous construction in Savilahti during current and the following decades. In most areas the preparation of the construction work has already begun, and the construction of the first residential buildings in the Savilahti campus area is expected to initiate in 2018.
10 Senate Properties | Neulaniementie 4, Kuopio
LOCATION - AREA DEVELOPMENT
Residential Up to 300,000 floor sq m of completely new residential stock in 2020’s Residential Construction of the first residential buildings in the Savilahti campus area is estimated to begin in 2018 O ces
Retail Offices Technopolis University campus Expansion in Microkatu 1 (confirmed city plan) Hospital Plan to build 16 floor office building in Viestikatu 7 (confirmed city plan and building right)
Recreational The creation of the Tekniikkakatu business premise, public service and residential city plan in 2016- 2017
Retail In 2013 renovated Prisma is the largest hypermarket in Kuopio Viestikatu 7 University campus Subject of sale Savonia University of Applied Scienses and Savo Consortium for Education are focusing their Microkatu 1 Viestikatu E63 operations on the campus area with 4,500 and 2,000 students, respectively The placement of the new students is currently being planned
Hospital Savilahdentie Prisma Continuous development and renovation in the near future
Tekniikkakatu Recreational (New road) New road, Tekniikkakatu City planning in 2016-2017 Tasavallankatu
New road City planning after the completion of the Tekniikkakatu city plan
11 Senate Properties | Neulaniementie 4, Kuopio PROPERTY
12 Senate Properties | Neulaniementie 4, Kuopio SITE&PLAN&*&NEULANIEMENTIE &4,&KUOPIO PROPERTY - SITE PLAN N
NEULANIEMENTIE
14&PP&+&1
12&PP 7&PP 7&PP&+&3
B 10&PP
4&PP&+&1 8&PP C1
19&PP E 19&PP&+&1 MAIN&BUILDING 4&PP
LABORATORY 6&PP&+&3 E
A C2 D F SHELTERED 14&PP&+&3 PARKING
MICROKATU
13
VISIOMO Property-development-+-Architecture Senate Properties | Neulaniementie 4, Kuopio
PROPERTY
PROPERTY FACTS TECHNICAL DETAILS
Address Neulaniementie 4, 70210 Kuopio Structures
Property ID 297-13-21-4 Foundations Reinforced wall and column base and plinth beams
Construction year 1985, 1992 (Laboratory) Frame Reinforced concrete beams and pilars, hollow core slaps and cast in situ frame as an intermediate floor structure Main use Office, research Extrenal walls/facade Reinforced internal wall unit, thermal insulation and brick facade. Plasterd facade in the Buildings Main building, Laboratory, Sheltered parking laboratory building.
Volume 46,201 m³ Windows Triple glass windows with wooden frames and triple glass metal frame windows.
Building right 12,600 f-m² Roof type/shape Pitched roof in A-D wings of the building. Flat roof in the wings E-F.
Unused building right 427 f-m² Roof material Sheet metal roofing in the pitched roof sections. Bitumen felt roofing in flat sections.
Gross area 13,689 m² Parking areas Asphalted parking area, pavements concrete slabs
Floor area 12,173 m² HVAC Net floor area 11,677 m² Heating District heating Leasable area* 9,447 m² Heatin distribution Radiators and draught lobby heating unit Occupancy rate 98 % Water source Kuopio municipality water network VAT-recoverability ratio 79.9 % Domestic water Copper pipe and galvanised steel pipe Site area 18,124 m² Sewer network Kuopio municipality sewage network. Drainage cast iron, plastic drain and stainless steel. Tenure Freehold Ventilation Mechanical supply and exhaust ventilation with heat recovery Floors (above/below ground) 3/2 Cooling 2 water chiller plants and 15 direct expansion cooling plants for deep-freeze and cold Parking places (shelterd/yard) 7/125 spaces
Sprinklersystem No sprinkler system in the building *Includes 1,510m² (16%) of laboratory premises. Building automation system Centralised building automation system
Other Compressed air network, liquid gas network, laboratories have individual networks and gas bottles
Other
Lifts 4 pcs
14 Senate Properties | Neulaniementie 4, Kuopio
PROPERTY - CITY PLAN
CURRENT CITY PLAN
CITY PLAN
Property ID 297-13-21-4
City plan order KTY-2 = Block for office, research and public buildings
Building right 12,600 f-sq m
Max. nr of floors 3
Required nr of parking places 1 pp/80 f-sq m
Approval date 02/02/1990
15 Senate Properties | Neulaniementie 4, Kuopio FINANCIALS
16 Senate Properties | Neulaniementie 4, Kuopio
FINANCIALS - INCOME SUMMARY
78 % OF INCOME FROM PUBLICLY FUNDED TENANTS LEASABLE AREA DISTRIBUTION
THL – National Institute for Health and Welfare • Outstanding tenant covenant with National Institute for Health and Welfare 22% TTL – Finnish Institute of Occupational Health 39% as the main tenant Evira – Finnish Food Safety Authority 1% • WAULT of 3.4 years Valtori – Government ICT Centre Valtori 16% Charles River – Charles River Discovery Research Services Finland Oy • Occupancy 98 % 22%
GRI DISTRIBUTION THL TTL Publicly funded TENANT LEASE STATUS m2 €/YEAR €/m2/MTH FIRST POSSIBLE EXPIRY OPTION NOTE Evira 23% 39% THL Fixed term 3,633 528,117 12.1 31/12/20 Valtori 1% TTL Fixed term 2,066 268,251 10.8 30/06/21 Charles River Private sector funding 17% Evira Fixed term 1,453 228,498 13.1 31/01/19 20% Valtori Rolling 76 11,904 13.1 31/12/16
Charles River Fixed term 1,999 312,247 13.0 31/03/19 2 x 3 yrs LEASE MATURITY IN YEARS DNA Rolling 3 317 8.8 28/02/17 THL Elisa Rolling 0 1,500 31/05/17 1
Vacant 217 0 2 TTL
Total 9,447 1,350,833 12.2 3.4 Evira 1) Includes electricity income of € 80 per mth. Other tenant's pay measurement based electricity. 2) Located in the laboratory building. Valtori
Charles River
-8,0 -6,0 -4,0 -2,0 0,0 2,0 4,0 6,0
17 Senate Properties | Neulaniementie 4, Kuopio
FINANCIALS - TENANT DESCRIPTIONS
TENANTS
TENANT DESCRIPTION SHARE OF RENTAL INCOME (%)
National Institute for Health and Welfare (THL) Research and development institute operating under the Finnish Ministry of Social Affairs and Health.The aim of the institute is to promote 39% health and welfare in Finland. In the Research Centre Neulanen, the institute maintains an environmental health unit.
In 2015, 82% of the institute’s funding was from the Finnish government.
Finnish Institute of Occupational Health (TTL) The Finnish Institute of Occupational Health (in Finnish: Työterveyslaitos, TTL) is a specialist in well-being at work. The institute carries out 20% research and provides services and training while operating under the Finnish Ministry of Social Affairs and Health. The institute’s unit in the Research Centre Neulanen is the leading expert in working conditions and occupational health within the agricultural sector.
In 2015, 55% of the institute’s funding came directly from the government, while the remainder came from generated income.
Finnish Food Safety Authority (Evira) The Finnish Food Safety Authority, Evira, manages, directs and develops the control of products used in the primary production of foods and 17% agriculture. The objective of the authority is effective and risk-based control of the food chain. Evira operates under the Ministry of Agriculture and Forestry and Evira maintains seven regional units in Finland, of which one is located in the Research Centre Neulanen.
In 2015, 58% of the authority’s funding came from the Finnish government.
Government ICT Centre (Valtori) The Government ICT Centre Valtori provides sector-independent ICT services for central government administration. Founded in 2014, Valtori 1% currently has employees in over 30 municipalities. The service centre operates under the Ministry of Finance.
Charles River Discovery Research services Charles River Laboratories is an American corporation specializing in a variety of pre-clinical and clinical laboratory services for the 23% Finland Oy (Charles River) pharmaceutical, medical device and biotechnology industries. Founded in 1947, the company currently has more than 7,500 employees and revenue of $1,363 million in 2015. In the Research Centre Neulanen, the company maintains a laboratory including a surgical suite, an imaging core unit, a general lab for biomarkers and immunohistochemistry, and behavioral testing facilities.
Other 2 tenants (DNA and Elisa) Antenna device space 0%
18 Senate Properties | Neulaniementie 4, Kuopio
FINANCIALS - NOI
2013 2014 2015 2016B NOI €/m2/mth COMMENT
INCOMES
Rental income 1,388,661 1,477,777 1,480,237 1,294,772 1,350,833 12.2 Current
Recoverables 246,574 219,257 238,017 230,000 230,000 2.0 2016B
Other Income
Total incomes 1,635,235 1,697,034 1,718,254 1,524,772 1,580,833 13.9
OPERATIONAL EXPENSES
Usage and maintenance (85,346) (92,332) (107,406) (110,000) (110,000) (1.0) 2016B Outdoor maintenance (2,110) (4,509) (23,582) (10,000) (10,000) (0.1) 2016B NOI 800 teur Cleaning (131) -
Heating (157,275) (159,697) (163,535) (162,000) (162,000) (1.4) 2016B
Water and sewage (23,827) (19,023) (20,043) (25,000) (25,000) (0.2) 2016B
Electricity (222,714) (244,818) (215,812) (230,000) (230,000) (2.0) 2016B
Waste management (9,440) (7,359) (5,413) (9,400) (9,400) (0.1) 2016B
Property tax (119,041) (128,357) (127,978) (128,244) (128,244) (1.1) 2016B
Other expenses (16,432) (10,672) (18,166) (30,000) (30,000) (0.3) 2016B
Total operational expenses (636,316) (666,766) (681,935) (704,644) (704,644) (6.2)
Total before repairs and 998,919 1,030,267 1,036,319 820,128 876,190 7.7 property development
Maintenance repairs (50,000) (50,000) (100,000) (100,000) (75,000) (0.7) 2013-2016 avg
NOI before planned repairs 948,919 980,267 936,319 720,128 801,190 7.1
19 Senate Properties | Neulaniementie 4, Kuopio
FINANCIALS - CAPEX
10 CAPEX by Granlund Consulting Nov-2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Total yrs avg.
€ (70,000) (758,000) (140,000) (448,000) (80,000) (30,000) (230,000) (115,000) (410,000) (12,000) (2,293,000) (229,300)
€ m2 €/m2/mth
Structures (1,382,000) Gross area 13,690 (1.40) (800,000) 10 years avg (700,000) HVAC (570,000) Floor area 12,173 (1.57) (600,000)
Electricity (341,000) Net floor area 11,677 (1.64) (500,000)
Total (2,293,000) Leasable area 9,447 (2,02) (400,000) (300,000)
Repair proposals (over €20,000) (200,000) (100,000) 2017-2020 € Action
2017 (50,000) Roof and thermal insulation renewal of the upper plant room 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
2018 (270,000) Refurbishment of the toilet and shower premises
2018 (250,000) Partly refurbishment of the ventilation machines installed in 1985 and 1992 and cleaning of the ventilation network 2021-2026 € Action
2018 (50,000) Renewal of the TK7 cooling system 2021 (80,000) Window repairs
2018 (50,000) Renewal of the emergency power plant 2022 (30,000) Repairs of the external canopies, staircases outside and retaining walls
2018 (70,000) Renewal of the water and sewage networks mixers. 2023 (80,000) Renewal of the building automation system
2018-2020 (70,000) Renewal of the original lighting system 2023 (150,000) Refurbishment of the lifts
2019 (50,000) Renewal of groundwater drain of B-wing, Renewal of the rainwater sump of A-wing 2024 (100,000) Refurbishment of the bitumen felt roofing
2019 (35,000) Renewal of heating system for the cars 2025 (150,000) Renewal of the original groundwater drains
2020 (350,000) Inner floor, wall and ceiling refurbishments of approx 2,700 m2. (Refurbishment or partly 2025 (150,000) Renewal of the parking area substructure and asphalt refurmbishment have been executedd during 2009-2016 to the A-wings floors 1-3, 1.5 floors of the B-wing, E-wing 3rd floor. Currently 1st floors of the C and E wing are under renovation) 2025 (50,000) Repairs of the floors in technical premises
2020 (50,000) Renewal of the oldest part of the spilt-system 2025 (50,000) Renewal of the water pipe network's isolating and balancing valve
(1,295,000) (840,000)
20 Senate Properties | Neulaniementie 4, Kuopio
FINANCIALS - RENOVATION HISTORY
REPAIRS HISTORY 2013 2014 2015 2016B
REPAIRS
Consultant and management (9,875) (53,828) (56,424)
Planning (32,358) (43,728) (96,651)
Construction technical works (111,059) (160,664) (137,979) (315,000)
Machinery, equipment, supplies (13,101) (11,234) (4,331)
HVAC-works (45,252) (128,215)
Ventilation works (18,177)
Water pipes and drainage (11,097)
Electricity and automation works (15,839) (36,393) (40,608)
Lift works (1,287) (3,135) (9,582)
Minor repairs max € 2000 (18,862) (23,436) (9,191)
Other repairs (240) (1,448)
Indoor air quality inspections and repairs (113,924)
Total repairs (345,579) (377,910) (484,431) (315,000)
PROPERTY DEVELOPMENT
Property development (586,551) (18 ,031) (215,197) (35,000)
Tenant improvements (200,000)
Total property development (586,551) (18,031) (215,197) (235,000)
Total (932,130) (395,942) (699,628) (550,000) Senate Properties | Neulaniementie 4, Kuopio PROCESS
22 Senate Properties | Neulaniementie 4, Kuopio
PROCESS
SALES STRUCTURE
The site and the building (‘Property’) is owned by the Senate Properties (‘Seller’), a Seller government owned enterprise under the aegis of the Finnish Ministry of Finance. The Senate Properties transaction shall be executed as an asset deal. A sale and purchase of the Property is subject to 4.0 % transfer tax which is paid by the prospective purchaser.
SUBJECT OF SALE
Real Property (site + buildings) 297-13-21-4
23 Senate Properties | Neulaniementie 4, Kuopio
PROCESS
OFFERS AND SCHEDULE Indicative offer Potential purchasers are invited to submit a non-binding indicative offer for the The indicative offers must be submitted by e-mail to the attention of Mr. Ville Mikkola investment opportunity based upon the information provided in this Investment and Mr. Kari Kervinen ([email protected], [email protected]) no later Memorandum and virtual marketing website senaattimyy.fi. The indicative offer than December 15th, 2016 by 16:00 CET. Upon receipt of the indicative offers, 2-5 must include the following: potential purchasers will be invited to progress to the second phase of the process: offer • Description of the purchaser confirmation. Based on the received confirmed offers, the Seller intends to invite one • Purchase price expressed in EUR net of any costs prospective purchaser to perform a full due diligence. The SPA negotiations are targeted • Any terms or conditions (due diligence, financing, approvals, and other) that would need to to be completed by the end of January 2017. The Seller’s approval process depends on the be satisfied in order to the indicative offer to become fully binding final sales price and may be subject to the Council of State/Finnish Parliament’s approval. • Identification of both equity and debt capital sources Therefore, the closing is targeted to be executed during Q2/2017. • Required decision making process and time plan
Senate Properties approval process, ca 2-6 months Confirmed offer • Senate Properties Board < eur 5 million, 2 mths Upon receipt indicative offers, 2-5 potential Purchasers will be invited to second • Council of State: eur 5-10 million, 2 mths phase of the process, offer confirmation. The confirmed offer must be submitted • Finnish Parliament > eur 10 million, 2-6 mths by January 4th, 2017.
Based on received confirmed offers, the Seller intends to invite one prospective Purchaser to perform a full due diligence with respect to the Proposed Transaction.
24 Senate Properties | Neulaniementie 4, Kuopio
PROCESS
Timetable Indicative offers Confirmed offers Investment Memorandum 15-Dec-2016 4-Jan-2017 Signing Closing Q2/2017
OCTOBER NOVEMBER DECEMBER JANUARY 2017
Site Visits Due Diligence & SPA Acceptance
Other matters The Seller reserves the right to amend at any time the Investment Memorandum Each interested party is responsible for all costs and expenses incurred by it and its and any other written documents provided or any other information orally representatives and advisors in connection with its evaluation and assessment of transmitted to prospective Purchaser(s). the Proposed Transaction, also in case the Seller decides to abort the sales process and do not complete the Proposed Transaction. The Seller reserves the right, at their sole discretion and without any possible lia- bility to the prospective Purchaser(s), to change the terms and conditions of the process at any time, to reject any and all indicative offers, and to terminate the negotiations and discussions at any time, without being obliged to give reasons therefore, and with no claims by the prospective Purchaser(s).
25 FLOOR PLANS Senate Properties | Neulaniementie 4, Kuopio
FLOOR PLANS
S)P)A)C)E)S)))))))))))))))))))))))))))))))))))))))))))))B)A)S)E)M)E)N)T)/)2 AGREEMENT NET)FLOOR)AREA)m2
))Evira)/)Finnish)Food)Safety)Authority)Elintarviketurvallisuusvirasto)Evira
111,8
))Common)areasRakennuksen)yhteisDla T"I"L"A"L"U"E"T"T"E"L"O"""""""""""""""""""""""""""""""""""1.""K"E"R"R"O"S SOPIMUS HUONEISTOALA"m2
"Charles"River"Discovery"Research"Services"Finland"Oy115,7
227,5%m2 1"675,1
"Elintarviketurvallisuusvirasto"Evira
883,4
"Terveyden"ja"hyvinvoinnin"laitos"THL
330,0
"Työterveyslaitos/Kuopio
577,2
Rakennuksen"yhteisHla
255,2
""Ei"Hetojax"Ei"Hetoja
16,1
3"737,0"m2
NEULANIEMENTIE"4,"KUOPIO"U"1."KERROS 012345
NEULANIEMENTIE)4,)KUOPIO)/)BASEMENT)/2 012345
27 VISIOMO Property-development-+-Architecture
VISIOMO Property-development-+-Architecture Senate Properties | Neulaniementie 4, Kuopio
FLOOR PLANS
S&P&A&C&E&S&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&B&A&S&E&M&E&N&T&6&1 AGREEMENT NET&FLOOR&AREA&m2
&&Evira&6&Finnish&Food&Safety&Authority&Elintarviketurvallisuusvirasto&Evira
481,8
T"I"L"A"L"U"E"T"T"E"L"O"""""""""""""""""""""""""""""""""""1.""K"E"R"R"O"S &&THL&6&NaKonal&InsKtute&for&Health&and&Welfare&Terveyden&ja&hyvinvoinnin&laitos&THL SOPIMUS HUONEISTOALA"m2
"Charles"River"Discovery"Research"Services"Finland"Oy266,2
1"675,1 &&TTL&6&Finnish&InsKtute&of&OccupaKonal&Health&Työterveyslaitos/Kuopio "Elintarviketurvallisuusvirasto"Evira
197,8 883,4
"Terveyden"ja"hyvinvoinnin"laitos"THL &&Valtori&6&Government&ICT&Centre&Valtori&ValKon&Keto6&ja&viesKntätekniikkakeskus&Valtori 330,0 72,6 "Työterveyslaitos/Kuopio
&&Common&areasRakennuksen&yhteisKla 577,2
Rakennuksen"yhteisHla porras&varaus 877,1 255,2
&&Not&knownx&Ei&Ketoja ""Ei"Hetojax"Ei"Hetoja
16,1 3,9 3"737,0"m2
1"899,4"m2
NEULANIEMENTIE"4,"KUOPIO"U"1."KERROS 012345
NEULANIEMENTIE&4,&KUOPIO&6&BASEMENT&61 012345
28 VISIOMO Property-development-+-Architecture
VISIOMO Property-development-+-Architecture Senate Properties | Neulaniementie 4, Kuopio
FLOOR PLANS
S)P)A)C)E)S)))))))))))))))))))))))))))))1st)F)L)O)O)R)(ground)floor) AGREEMENT NET)FLOOR)AREA)m2
)Charles)River)Discovery)Research)Services)Finland)Oy
1)675,1
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33 VISIOMO Property-development-+-Architecture
VISIOMO Property-development-+-Architecture Senate Properties | Neulaniementie 4, Kuopio
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34 VISIOMO Property-development-+-Architecture
VISIOMO Property-development-+-Architecture Senate Properties | Neulaniementie 4, Kuopio
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35 VISIOMO Property-development-+-Architecture
VISIOMO Property-development-+-Architecture Senate Properties | Neulaniementie 4, Kuopio
CONTACTS
Ville Mikkola Senate Properties is a government owned enterprise [email protected] under the aegis of the Finnish Ministry of Finance and +358 44 303 0455 acts as the government’s expert on the working envi- ronment and working premises.
CBRE Finland Oy SENATE PROPERTIES IN NUMBERS Buildings: 9,700 Kluuvikatu 7, 5th floor Sq m: 6.2 million 00100 Helsinki Property portfolio: € 4.4 billion
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